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Digital Currency Revolution

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Digital currency or digital money is an Internet-based medium of exchange distinct from physical (such as banknotes and coins) that exhibits properties similar to physical currencies, but allows for instantaneous transactions and borderless transfer-of-ownership. Like traditional money these currencies may be used to buy physical goods and services but could also be restricted to certain communities such as for example for use inside an on-line game or social network. In this series, we cover stories and provide insightful analysis of the digital currencies such as bitcoin with no central point of control over the money supply.

Digital Currency Revolution

FxWirePro: BTC/EUR downside capped by 89- 4H EMA, good to sell on rallies

May 31, 2017 07:52 am UTC| Digital Currency

BTC/EUR is consolidating between 2231 and 1940 for the past 3 trading session. The pair has declined till 2008 yesterday and shown a minor recovery from that level (CEXIO). Intraday weakness can be seen only below 2000...

Digital Currency Revolution

IRS actions sets ‘dangerous precedent’ for bitcoin companies: US Congress on IRS-Coinbase dispute

May 31, 2017 05:57 am UTC| Digital Currency

The members of the U.S. Congress have issued a letter to the Internal Revenue Service (IRS) on the agencys ongoing tussle with digital currency exchange Coinbase. The IRS last year issued a John Doe summons to Coinbase...

Digital Currency Revolution

Blockchain asset exchange OKCoin adds support for Ethereum trading

May 31, 2017 05:07 am UTC| Digital Currency

Leading blockchain asset exchange platform OKCoin has formally launched Ethereum trading (ETH) on its exchange. With Ethereum being second among the blockchain assets in terms of market cap, there has been an increased...

Digital Currency Revolution

Dutch Bitcoin Exchange BL3P expands to Euro area

May 31, 2017 05:01 am UTC| Digital Currency

BL3P, a subsidiary of the first bitcoin company in The Netherlands Bitonic, has announced the expansion of its services to the Single Euro Payments Area (SEPA). BL3P is now available to all EU residents [plus the...

Digital Currency Revolution

FxWirePro: BTC/CNY struggles to close above 61.8% fibo, good to sell on rallies

May 30, 2017 12:13 pm UTC| Digital Currency

BTC/CNY is trading in narrow range between 15550 and 14000 for the past two trading sessions (BTCCHINA). It is currently trading around 15180 levels at press time. The pair has shown a minor jump above 61.8% retracement...

Digital Currency Revolution

FxWirePro: ETH/EUR trades higher, good to buy on dips

May 30, 2017 11:05 am UTC| Digital Currency

ETH/EUR pair has formed a minor bottom around 113 and jumped sharply near all-time high from that level (KRAKEN). The pair jumped till 200 at the time of writing and it is currently trading around 192 at the time of...

Digital Currency Revolution

FxWirePro: ETH/USD trades higher, break above 113% fib targets 256

May 30, 2017 10:15 am UTC| Digital Currency

ETH/USD surpassed previous high of 210 levels on Tuesday and hit 218 levels. It is currently trading at 207 levels at the time of writing (BTC-e). Ichimoku analysis (Daily chart): Tenkan-Sen: 162.53 Kijun-Sen:...

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Economy

Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth

Large-cap U.S. corporations are sitting on record cash reserves while simultaneously pouring money back into their businesses at an unprecedented pace. According to Morgan Stanleys latest benchmark report on Q4 2025 data,...

U.S. Jobs Market Eyes March Recovery Amid Inflation Pressures

Economists are forecasting a modest rebound in U.S. employment for March, with nonfarm payrolls projected to climb by 60,000 a significant turnaround after a 92,000 decline in February, one of the steepest monthly drops...

EU and CPTPP Nations Push for Landmark Digital Trade Agreement

The European Union and member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have officially agreed to pursue a groundbreaking digital trade deal, marking a potentially...

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Gold Prices Rise Amid Geopolitical Tensions and Safe Haven Demand

Gold prices climbed on Friday, positioning the precious metal for a weekly gain as investors retreated from riskier assets and sought refuge in safe haven investments like bullion and the U.S. dollar. The move came amid...

Politics

Pentagon Eyes Weeks-Long Ground Operations in Iran, Reports Say

Senior U.S. military officials are reportedly drawing up plans for extended ground operations in Iran spanning several weeks, according to a Saturday report from The Washington Post. The report, which cited unnamed U.S....

Israeli Airstrikes Kill Six Palestinians in Gaza Despite Ongoing Ceasefire

Israeli airstrikes struck two Hamas-led police checkpoints in the Khan Younis area of southern Gaza, killing at least six Palestinians, including a young girl, according to local health officials. Three police officers and...

Pakistan Hosts Multilateral Talks on U.S.-Iran War as Region Seeks De-escalation

Pakistan is positioning itself as a key diplomatic hub as it prepares to host foreign ministers from Saudi Arabia, Turkey, and Egypt for two days of high-stakes talks beginning Sunday. The meetings center on the ongoing...

Brazil and Mexico Stand Firm Behind Bachelet's UN Secretary-General Bid

Brazilian President Luiz Inácio Lula da Silva reaffirmed his countrys unwavering support for former Chilean President Michelle Bachelet as a candidate for the next United Nations Secretary-General, even after Chile...

Middle East Conflict Escalates: Gulf Infrastructure Hit, U.S. Troops Wounded, Ceasefire Talks Underway

A month into the intensifying Middle East conflict, military strikes are increasingly targeting critical economic infrastructure across the Gulf region, raising global market concerns and drawing deeper U.S. military...

Science

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...

Reflection AI Eyes $25 Billion Valuation in Massive $2.5 Billion Funding Round

Nvidia-backed artificial intelligence startup Reflection AI is in advanced discussions to secure $2.5 billion in fresh funding, with negotiations pointing to a staggering pre-money valuation of $25 billion, according to a...